Last Updated: December 2024 (Austin, TX)
William Edward Lawes Investigation Summary
Here’s What You Need to Know About Austin, TX Stockbroker William Edward Lawes:
- Name: William Edward Lawes
- Current Employer: UBS Financial Services Inc.
- Prior Employers:
- Morgan Stanley (2013–2024)
- Function: Stockbroker / Financial Advisor
- Aliases: William Lawes
- Primary Location: Austin, TX
- CRD Number: 6170991
- Can William Lawes Be Sued in FINRA Arbitration: Yes
- Sanctioned by FINRA: No
- Pending Customer Dispute: Unspecified amount of damages
If you’ve sustained damages from Mr. Lawes, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With William Lawes as Your Stockbroker?
A pending customer dispute filed by a customer of Morgan Stanley on December 2, 2024, alleges that the investment strategy recommended by Mr. Lawes was not in the client’s best interest. The investments in question involved structured products. The amount of damages sought by the client remains unspecified, and the case is currently pending.
Structured Products: Sometimes referred to as market-linked investments, Structured Products are pre-packaged investments whose performance is linked to an underlying asset, product or index. ( a single security, basket of securities, options, indicies, commodities, debt issuance, foreign currencies or derivatives). See this for FINRA’s Investor Insights “Understanding Structured Notes with Principal Protection”
Allegations of Broker Misconduct Against William Lawes
A customer has alleged the following misconduct against William Edward Lawes:
- Unsuitable Investment Recommendations: Allegations that Mr. Lawes recommended a structured product investment strategy that was not aligned with the client’s best interests.
The allegations suggest a potential violation of FINRA Rule 2111 (Suitability Rule), which requires brokers to have a reasonable basis for recommending an investment strategy that aligns with a customer’s investment profile and objectives.
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
FINRA Rule 2111- suitability – Regulation Best Interest
Recover Your Investment Losses Now With Rex Securities Law
Investigations of Other Morgan Stanley Brokers
If you have suffered investment losses in an account handled by William Edward Lawes, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.